SEPHAKU HOLDINGS LIMITED - Results of the Annual General Meeting

Results of the Annual General Meeting

Sephaku Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2005/003306/06)
Share code: SEP
ISIN: ZAE000138459
(“SepHold” or “the Company”)

Results of the Annual General Meeting

Shareholders are advised that at the Annual General Meeting of SepHold shareholders (“AGM”) which
was held on Thursday, 12 September 2019, all the ordinary and special resolutions proposed thereat,
were approved by the requisite majority of votes.

-     The Company’s total issued share capital as at the Voting Record Date, being Friday, 6 September
      2019 was 208 216 175 ordinary shares
-     The total number of the Company’s shares present/represented (including proxies) at the AGM was
      131 501 128
-     The total percentage of the Company’s shares present/represented (including proxies) at the AGM
      in relation to the total issued share capital of the Company was 63.16%

The voting results are set out hereunder:

    Resolutions                                    Shares voted          Votes        Votes      Votes
                                                                         Abstained    for        against
                                                Number        % (1)       % (1)        % (2)      % (2)
    
    Ordinary resolution number 1               131 314 635    63.07%       0.09%      99.99%         0.01%
    Re-appointment of BDO South Africa
    Incorporated as the Company’s
    independent external auditor
    
    Ordinary resolution number 2.1             131 314 635    63.07%       0.09%      99.99%         0.01%
    Re-election of Ms MJ Janse van Rensburg
    as an independent non-executive director
    
    Ordinary resolution number 2.2             131 314 635    63.07%       0.09%      99.90%         0.10%
    Re-election of Mr MM Ngoasheng as an
    independent non-executive director
    
    Ordinary resolution number 3.1             131 314 635    63.07%       0.09%      99.99%         0.01%
    Appointment of Ms MJ Janse van
    Rensburg as a member and the Chairman
    of the Audit and Risk Committee
    
    Ordinary resolution number 3.2             131 314 635    63.07%       0.09%      98.68%         1.32%
    Appointment of Mr B Williams as a member
    of the Audit and Risk Committee
    
    Ordinary resolution number 3.3             131 314 635    63.07%       0.09%      99.90%         0.10%
    Appointment of Ms B Bulo as a member of
    the Audit and Risk Committee
    
    Ordinary resolution number 4.1             131 265 079    63.04%       0.11%      82.68%        17.32%
    Non-binding advisory vote on the SepHold
    remuneration policy

    Ordinary resolution number 4.2             131 265 079    63.04%       0.11%      82.68%        17.32%
    Non-binding advisory vote on the SepHold
    remuneration implementation report

    Ordinary resolution number 5               125 962 768    60.50%       2.66%      99.93%         0.07%
    Directors’ authorising resolution
 
    Ordinary resolution number 6               131 314 635    63.07%       0.09%      90.79%         9.21%
    General authority to issue shares for cash
   
    Special resolution number 1                131 344 635    63.08%       0.08%      96.15%         3.85%
    General authority for the Company to
    repurchase its own securities
 
    Special resolution number 2                131 265 079    63.04%       0.11%      95.76%         4.24%
    Approval of the remuneration of non-
    executive directors
 
    Special resolution number 3                131 314 635    63.07%       0.09%      95.82%         4.18%
    General authority regarding the provision 
    of financial assistance as contemplated in
    section 44 of the Companies Act for any
    beneficiary participating in any SepHold
    group incentive scheme

    Special resolution number 4                131 314 635    63.07%       0.09%      95.76%         4.24%
    General authority regarding the provision 
    of financial assistance as contemplated in
    section 45 of the Companies Act for
    present or future subsidiaries

Notes:
1. As a percentage of total shares in issue.
2. As a percentage of shares voted.

Centurion
12 September 2019
______________________________________________________________________________________________________________________________
Enquiries contact: Sakhile Ndlovu               Sephaku Holdings               Investor Relations              012 612 0210

Sponsor to Sephaku Holdings: Questco (Pty) Ltd

About Sephaku Holdings Limited
Sephaku Holdings Limited (“SepHold”) is a building and construction materials company with a portfolio of investments in the
cement sector in South Africa. SepHold’s strategy is to generate growth and realise value for shareholders through the production
of cement and ready mixed concrete in Southern Africa. The company’s core investments are a 36% stake in Dangote Cement
South Africa (Pty) Ltd (formerly Sephaku Cement (Pty) Ltd) and 100% in Métier Mixed Concrete (Pty) Ltd.
www.sephakuholdings.com

Date: 12/09/2019 04:00:00
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